The Dow hasn’t gained a point in 20 months
- Thread starter UncleBuck
- Start date
hotrodharley
Well-Known Member
He’s flipping out about the rate cut Powell swore he wouldn’t do because of politics. He did it because of politics. “Investors” and Wall Street were disappointed it was not a half point off an already low rate. Smarter heads have urged no cuts because it will leave less room to try to stimulate the economy when it actually needs just that.
Unclebaldrick
Well-Known Member
Trump wanted a "deep and sustained" set of interest rate cuts. Maybe 4 or five percent making the prime rate somewhere about -2% or less. Yes, you actually get payed to borrow money. But only billionaires or his personal friends and supporters would be eligible.
hotrodharley
Well-Known Member
The entire stock market is a rich man’s playground. I’ll bet virtually nobody on RIU is substantially invested and if they are it’s through a 401k or etc. They can’t name 5 off the top of their head of the 50 making up the Dow. Yet they cheer the gains and bemoan the losses because. It’s not a fucking barometer of individual well being or economic stability etc.
Amazing timing that this economic downturn in 2008 that’s still dragging on for many areas coincided with the beginning of the Baby Boomers retiring. Almost to the day. Incredible bad luck. Shucks just as you need your 401k that mofo done be everything but gone. Now that their accounts are quite plump again guess what? Time to drain those bitches again. Sorry.
And people just never catch on. It’s unbelievable.
Fogdog
Well-Known Member
Dow Jones Down Sharply As Market Braces For Trump Announcement
Friday was shaping up as the first time since early March that the bears smacked the bulls for losses every day of the week.
The Dow Jones severed 0.9%, while the S&P 500 hacked off 1%. The Nasdaq dropped 1.6%. Small caps in the Russell 2000 lost 1.4%.
Trump's policies are both inflationary and recessionary. Not since Hoover has there been a more ham-handed president in charge of this country's economy.
Friday was shaping up as the first time since early March that the bears smacked the bulls for losses every day of the week.
The Dow Jones severed 0.9%, while the S&P 500 hacked off 1%. The Nasdaq dropped 1.6%. Small caps in the Russell 2000 lost 1.4%.
Trump's policies are both inflationary and recessionary. Not since Hoover has there been a more ham-handed president in charge of this country's economy.
FlyLikeAnEagle
Well-Known Member
Actually 20 months but who's counting? 
UncleBuck
Well-Known Member
No, with trumps prowess we’re looking at another December 2018. 4000 point drop coming soon
Jobs are slowing down too, gdp at 1.1% and getting revised down every quarter
Recession imminent and no tools to fight it since conald already squandered Obama’s deficit reduction with his tax cuts for the mega wealthy
medviper
Well-Known Member
UncleBuck
Well-Known Member
TacoMac
Well-Known Member
That's a consulting firm, not a stock. They probably have your lame ass 401k wrapped up in bonds and utilities because they're much lower risk.
They have little to do with the Dow.
No sir. That should have said my*. I have a vanguard fund investing in the s&p500. Trump is making America great again!!! Putting money in your pockets and helping the future of your kids and the USA.
I encourage you invest while we have the best president in the past 20 years. Can you say bull market??? Thank you trump!
That’s right. He is one bad man. Saving the USA!
medviper
Well-Known Member
ttystikk
Well-Known Member
Our economy is already in dire straits for everyone outside the top 1%.
They just gerrymandered the statistics to sucker people in believing otherwise.
It’s a fact brother. Get on board and start investing while trump is in office for another 4 years. Build your net worthso you're tryin to peddle bullshit...Ok, it's a free market enterprise...good luck...
TacoMac
Well-Known Member
You have a lot to learn about investing. I encourage you to read and get on board. Secure your family’s worth while our great president is in office